Wednesday, March 29, 2023

Mercado Pago: why you can’t transfer with a debit card

On the platform it was decided that debit cards are no longer available for making transfers, but have been replaced by Debit Instant. I know how it works.

The Mercado Libre e-commerce platform has a payment system called Mercado Pago. It is an application through which payments and transfers can be handled without being tied up between the credit or debit card of the company.

There are different ways to deposit money in the App, but the ability to transfer with a debit card is not applicable.

Why can’t I transfer with my debit card?

On the platform it was decided that debit cards are no longer available for making transfers, but have been replaced by Debit Instant.

What is DATA IMMEDIATE and how do I use it?

Direct Debit (DEBIN) is a way to transfer funds to Mercado Pago accounts without having to leave the account.

They think that the amount from the bank should be immediately and directly, that’s all you have to do;

  • You have an associated bank account from which you would like to use the funds to make the transfer.
  • If funds are already deposited into the app from their own bank account, you will need to find an associated account or even add a new account.
  • Mercado Pago: how to deposit money?

    When it is due immediately

    With Immediate Debit you can deposit money for free and without the Mercado Pago app. You must use your CBU or other savings or checking account to withdraw money from the bank.

    To do so, enter the Money Deposit section, choose Immediate Debt and follow these steps:

  • Order CBU or other bank accounts under the user’s name.

  • How much to choose

  • Review the information and voila! Mercado Pago money is immediately accounted for.

  • By Bank transfer

    Money can be deposited by bank transfer. For those who follow these steps;

  • In the Mercado Pago app, select the Deposit amount and select the Bank transfer option. Then copy the CVU of the digits that will appear on the screen.
  • Open your home bank account and follow the steps to transfer. Use CVU de Mercado Pago’s designated transfer system.
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    Nation World News Desk
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